Zuora, Inc. (NYSE:ZUO) Given Average Recommendation of “Hold” by Brokerages

Zuora, Inc. (NYSE:ZUO) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $11.43.

A number of equities analysts recently issued reports on ZUO shares. Needham & Company LLC reaffirmed a “hold” rating and issued a $15.00 price target on shares of Zuora in a report on Monday, October 21st. Lake Street Capital restated a “hold” rating and issued a $10.00 target price on shares of Zuora in a report on Friday, October 18th.

Zuora Trading Up 0.1 %

NYSE:ZUO opened at $9.95 on Friday. Zuora has a 1 year low of $7.70 and a 1 year high of $10.85. The stock has a market cap of $1.53 billion, a P/E ratio of -20.31 and a beta of 1.67. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.77 and a current ratio of 2.62. The stock has a 50-day simple moving average of $9.92 and a 200-day simple moving average of $9.33.

Insider Transactions at Zuora

In related news, insider Peter Hirsch sold 18,855 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total value of $170,826.30. Following the transaction, the insider now owns 19,279 shares in the company, valued at $174,667.74. The trade was a 49.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Todd Mcelhatton sold 50,373 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $500,203.89. Following the sale, the chief financial officer now directly owns 404,634 shares of the company’s stock, valued at $4,018,015.62. The trade was a 11.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 207,254 shares of company stock worth $2,041,628. Insiders own 8.62% of the company’s stock.

Hedge Funds Weigh In On Zuora

Institutional investors have recently bought and sold shares of the company. 272 Capital LP lifted its holdings in Zuora by 28.1% in the third quarter. 272 Capital LP now owns 493,527 shares of the company’s stock valued at $4,254,000 after acquiring an additional 108,201 shares during the period. Divisar Capital Management LLC acquired a new stake in Zuora during the 2nd quarter valued at $4,575,000. Scalar Gauge Management LLC increased its position in Zuora by 35.4% during the 2nd quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock worth $50,556,000 after purchasing an additional 1,332,343 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Zuora during the third quarter worth about $493,000. Finally, BDF Gestion grew its stake in Zuora by 34.8% in the 3rd quarter. BDF Gestion now owns 465,000 shares of the company’s stock worth $4,008,000 after acquiring an additional 120,000 shares during the period. 83.02% of the stock is owned by institutional investors and hedge funds.

Zuora Company Profile

Zuora, Inc provides a monetization suite for modern businesses to help companies launch and scale new services and operate dynamic customer-centric business models. The company offers Zuora Billing that allows customers to deploy various pricing and packaging strategies to monetize their recurring revenue streams, bill customers, calculate prorations when subscriptions change, and automate billing and payment operations; Zuora Revenue, a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams; Zuora Payments to provide payment orchestration services for companies looking to operate globally; and Zephr, a digital subscriber experience platform that helps companies orchestrate dynamic experiences that increase conversion, reduce churn, and nurture ongoing subscriber relationships.